Ulster Bank Northern Ireland Purchasing Managers Index (PMI) January 2017Richard Ramsey
Growth of business activity remains solid, but inflationary pressures intensify - The Northern Ireland private sector started 2017 on a positive note, with further increases in output, new orders and employment recorded in January. That said, rates of expansion eased from the end of last year. Meanwhile, price pressures continued to intensify, with rates of inflation for both input costs and output prices among the sharpest in the survey’s history.
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) January 2017Richard Ramsey
Growth of business activity remains solid, but inflationary pressures intensify - The Northern Ireland private sector started 2017 on a positive note, with further increases in output, new orders and employment recorded in January. That said, rates of expansion eased from the end of last year. Meanwhile, price pressures continued to intensify, with rates of inflation for both input costs and output prices among the sharpest in the survey’s history.
A slide pack re the June 2014 UIster Bank NI PMI, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slidepack for the Ulster Bank Northern Ireland Purchasing Managers Index (PMI). Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack , Ulster Bank Northern Ireland PMI, April 2015Richard Ramsey
Slide pack for Ulster Bank NI PMI, April 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack for the Ulster Bank Northern Ireland PMI, May 2015Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, May 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
Slide pack, Ulster Bank Northern Ireland PMI, August 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, August, 2014. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) slidepack. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector. May 2014 Survey Update
Latvijas Bankas ekonomistes Santas Bērziņas un Ievas Opmanes prezentācija sanāksmē ar starptautisko reitinga aģentūru "Moody's Investors Service" 2022. gada 24. martā.
Slide pack , Ulster Bank Northern Ireland PMI, March 2015Richard Ramsey
Slidepack for the Ulster Bank NI PMI for March 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Arthur D. Little Automotive Report February 2020 Fabrizio Arena
Please take a look at our Automotive Report – February 2020 with a special focus on COVID-19 impact on OEMs production and sales
You may also find main registrations results in Europe and Italy
Arthur D. Little Automotive Report October 2019Fabrizio Arena
Please take a look at our Automotive Report – October 2019 with main registrations results in Europe and Italy.
Please note that this issue also includes a focus on Registrations Trends and CO2 Emissions in Italy.
Conferencia ofrecida en el I Congreso "Esto es Diseño Industrial" 26 de abril 2013, La Térmica, Málaga, España.
Hasta hace muy poco tiempo los diseñadores entendíamos exclusivamente el diseño como una actividad solucionadora de problemas. Charles y Ray Eames, una reconocida e influyente pareja de diseñadores que crearon alguno de los productos más emblemáticos del siglo XX solían decir que los diseñadores «no somos artistas, solucionamos problemas». Los seres vivos hacen exactamente lo mismo. Una de las definiciones más interesantes de la vida se debe al filósofo vienés (nacionalizado británico) sir Karl Popper que dijo que «vivir es solucionar problemas». Problemas de homeostasis, de auto-organización o de adaptación que se presentan en la relación entre los seres vivientes y el mundo. Desde este punto de vista, el estudio de la naturaleza es un motor muy potente para la creatividad, estableciendo conexiones y sugiriendo nuevas soluciones a los problemas humanos.
Sin embargo, recientemente algunas voces muy acreditadas están poniendo más énfasis en el diseño como actividad exploratoria de nuevas oportunidades. Se trata de un nuevo enfoque: la investigación en biomimética y la investigación en diseño deben evolucionar desde la simple emulación de organismos vivos hacia un marco más dinámico de inspiración en los procesos naturales. Deben también dejar de concentrar su atención en la solución de problemas concretos para aventurarse en un territorio mucho más complejo, rico e interconectado: la exploración de posibilidades.
Charlie Donald talks about his experiences setting up TBN Gulf, his advances in rammed earth construction and how to systematically measure and define the impact of a triple bottom-line business.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
A slide pack re the June 2014 UIster Bank NI PMI, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slidepack for the Ulster Bank Northern Ireland Purchasing Managers Index (PMI). Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack , Ulster Bank Northern Ireland PMI, April 2015Richard Ramsey
Slide pack for Ulster Bank NI PMI, April 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack for the Ulster Bank Northern Ireland PMI, May 2015Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, May 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
Slide pack, Ulster Bank Northern Ireland PMI, August 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, August, 2014. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) slidepack. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector. May 2014 Survey Update
Latvijas Bankas ekonomistes Santas Bērziņas un Ievas Opmanes prezentācija sanāksmē ar starptautisko reitinga aģentūru "Moody's Investors Service" 2022. gada 24. martā.
Slide pack , Ulster Bank Northern Ireland PMI, March 2015Richard Ramsey
Slidepack for the Ulster Bank NI PMI for March 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Arthur D. Little Automotive Report February 2020 Fabrizio Arena
Please take a look at our Automotive Report – February 2020 with a special focus on COVID-19 impact on OEMs production and sales
You may also find main registrations results in Europe and Italy
Arthur D. Little Automotive Report October 2019Fabrizio Arena
Please take a look at our Automotive Report – October 2019 with main registrations results in Europe and Italy.
Please note that this issue also includes a focus on Registrations Trends and CO2 Emissions in Italy.
Conferencia ofrecida en el I Congreso "Esto es Diseño Industrial" 26 de abril 2013, La Térmica, Málaga, España.
Hasta hace muy poco tiempo los diseñadores entendíamos exclusivamente el diseño como una actividad solucionadora de problemas. Charles y Ray Eames, una reconocida e influyente pareja de diseñadores que crearon alguno de los productos más emblemáticos del siglo XX solían decir que los diseñadores «no somos artistas, solucionamos problemas». Los seres vivos hacen exactamente lo mismo. Una de las definiciones más interesantes de la vida se debe al filósofo vienés (nacionalizado británico) sir Karl Popper que dijo que «vivir es solucionar problemas». Problemas de homeostasis, de auto-organización o de adaptación que se presentan en la relación entre los seres vivientes y el mundo. Desde este punto de vista, el estudio de la naturaleza es un motor muy potente para la creatividad, estableciendo conexiones y sugiriendo nuevas soluciones a los problemas humanos.
Sin embargo, recientemente algunas voces muy acreditadas están poniendo más énfasis en el diseño como actividad exploratoria de nuevas oportunidades. Se trata de un nuevo enfoque: la investigación en biomimética y la investigación en diseño deben evolucionar desde la simple emulación de organismos vivos hacia un marco más dinámico de inspiración en los procesos naturales. Deben también dejar de concentrar su atención en la solución de problemas concretos para aventurarse en un territorio mucho más complejo, rico e interconectado: la exploración de posibilidades.
Charlie Donald talks about his experiences setting up TBN Gulf, his advances in rammed earth construction and how to systematically measure and define the impact of a triple bottom-line business.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
Sev Vettivetpillai couldn't join us at the conference so his colleague, Geetha Tharmaratnam (Global Head of ESG) presented the work of Aureos Capital, focussing on small to medium-sized businesses and finding the 'missing middle'. Includes principles and case studies.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
Mark Paper, MD of Business Partners International, talks about investing for a sustainable development impact in the SME sector, unleashing entrepreneurs, and creating jobs.
Business Partners have made 32,000 investments worth US $1.43bn.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
Greg Spencer talks about the Paradigm Project, a for-profit business providing healthy, efficient stoves to Africa that drastically reduces a family's consumption of wood and inhalation of smoke and improves their economic stability.
Not only does The Paradigm Project help the poor, it leverages billions of dollars of value in the carbon markets, reduces deforestation, and changes the paradigm faced by many that creating profits from the poor cannot profit for the poor.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
Nick O’Donohoe, former Global Head of Research at JP Morgan, author of their report on Impact Investments presented a summary of the report's findings, specifically how impact investing is emerging as an asset class.
Be sure to check out the other presentations, videos and audio recordings from the conference at www.tbnetwork.org/uknc11/media
Act! v18 Preview, presented by AspenTech Consulting Group January 20,2016. Includes a complete overview of Act! v18, Act! Premium Cloud and Act! API. The YouTube video includes a thorugh demo of Act! v18, Act! emarketing, Mapper GeoCode, Contact Dedupper Wizard and detailed Q&A.
This presentation is available on YouTube at https://youtu.be/8fcEPKt2PCc
If you have any questions about Act! v18 or any Act! product, please contact the team at AspenTech Consulting Group, 734-455-7188, www.aspen-tech.com.
A Japán–magyar Baráti Társaság által fenntartott cserediák program keretében 2015. július 29. és augusztus 4. között Japánból, Yurihonjo városából 13 diák látogathatott el hozzánk, Magyarországra, Vácra. E prezentáció a japán diákok bemutatkozása volt.
Slide pack re Ulster Bank NI PMI September 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, September 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slides illustrating data from the Ulster Bank Northern Ireland PMI for August 2013, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack for the Ulster Bank Northern Ireland PMI, October 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland Purchasing Managers Index (PMI), October 2014 Survey (Update Issued 10th November 2014)
Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack , Ulster Bank Northern Ireland PMI, December 2014Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, December 2014, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) - November 2013Richard Ramsey
Slide pack re the Ulster Bank Northern Ireland Purchasing Managers Index (PMI), November 2013. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank NI PMI Slide pack September 2013Richard Ramsey
Slide pack for the Ulster Bank Northern Ireland PMI, September 2013, including comparisons between sectors and between NI, RoI, UK and global economics
Slide pack, Ulster Bank Northern Ireland PMI, December 2013Richard Ramsey
Slide pack for the December 2013 Ulster Bank NI PMI, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Slide pack for the latest Ulster Bank Northern Ireland PMI report, October 2013, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Chart pack for the Ulster Bank Northern Ireland PMI January 2018 including analysis of global, eurozone, UK, NI and Republic of Ireland economic performance
Purchasing Managers’ Indexes (PMIs) are monthly surveys of private sector companies which provide an advance indication of what is happening in the private sector economy by tracking variables such as output, new orders, employment and prices across different sectors.
Introduction:
Welcome to the latest edition of our Weekly Engineering Market Research Update – Edition 505. This document aims to provide a comprehensive overview of the current trends, developments, and opportunities in the engineering industry. Our team of expert analysts has gathered valuable data and insights to keep you informed and empower you to make well-informed decisions in this rapidly evolving market.
Market Trends:
In Australia the challenges of energy transition from coal to renewable energy continue to be displayed – with the aging fleet of coal fired generators expected to have their lives extended due to the slow uptake in the renewable energy sector transition.
China’s dominance as an economic powerhouse continues to be reinforced by the slide in commodity prices as a result of slower than expected economic advancements still as a result of the post covid pandemic world.
Opportunities and Challenges:
The current market landscape offers promising opportunities, particularly in the fields of urban development, smart infrastructure, and digital transformation. Additionally, government initiatives and increased funding for infrastructure projects are stimulating growth in the engineering sector.
However, it is essential to address the challenges too. Supply chain disruptions, skilled labor shortages, and fluctuating raw material prices pose potential hurdles for companies. Strategic planning and adaptability are crucial to navigate these uncertainties successfully.
Conclusion:
Busy time with macro factors weighing on the AUD and the economy. All eyes continue to focus on China’s speed to recovery / stimulus which has a major potential impact on the strengthening of AUD v USD
Today sees the release of January data from the Ulster Bank Northern Ireland PMI®. The latest report – produced for Ulster Bank by IHS Markit – saw the Northern Ireland private sector move towards stabilisation amid a reduction in near-term uncertainty. Business activity fell at a softer pace thanks to broadly unchanged new order volumes. Meanwhile, firms raised their staffing levels for the second month running and business confidence was the highest since April 2018.
Slide pack, Ulster Bank Northern Ireland PMI, February 2015Richard Ramsey
Slide pack for the Ulster Bank NI PMI, February 2015, including analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) November 2020. Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector
Ulster Bank Northern Ireland PMI September 2020 Slide PackRichard Ramsey
Ulster Bank Northern Ireland Purchasing Managers Index (PMI) September 2020 - Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
September 2020 Survey Update
Ulster Bank Northern Ireland Purchasing Managers Index (PMI). Includes analysis of Global, Eurozone, UK, UK Regions, NI & Republic of Ireland economic performance by sector.
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
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To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
1. Ulster Bank PMINorthern Ireland
The above charts plot the seasonally adjusted indicators of
business conditions in Northern Ireland. Index readings
above 50.0 signal an increase on the previous month
while readings below 50.0 signal a decrease.
Markit Economics
Henley on Thames
Oxon RG9 1HG, UK
Tel: +44 1491 461000
Fax: +44 1491 461001
e-mail: economics@markit.com
The Ulster Bank Northern Ireland PMI®
is produced by Markit Economics, an
independent research company that
produces highly-regarded surveys of
business conditions in nations around the
world.
The Ulster Bank Northern Ireland PMI®
(Purchasing Managers’ Index®) is
produced by Markit Economics.
The report features original survey data
collected from a representative panel of
companies based in Northern Ireland and
operating in the manufacturing, service,
construction and retail/wholesale sectors.
The intellectual property rights to the Northern Ireland
PMI®
provided herein are owned by or licensed to
Markit. Any unauthorised use, including but not limited to
copying, distributing, transmitting or otherwise of any data
appearing is not permitted without Markit’s prior consent.
Markit shall not have any liability, duty or obligation for or
relating to the content or information (“data”) contained
herein, any errors, inaccuracies, omissions or delays in
the data, or for any actions taken in reliance thereon. In
no event shall Markit be liable for any special, incidental,
or consequential damages, arising out of the use of the
data. Purchasing Managers’ Index®
and PMI®
are either
registered trade marks of Markit Economics Limited or
licensed to Markit Economics Limited. Ulster Bank use the
above marks under license. Markit is a registered trade
mark of Markit Group Limited.
Ulster Bank Ireland Limited,
Registered in Republic of Ireland
No 25766 Registered Office:
Ulster Bank Group Centre
George’s Quay
Dublin 2
Ulster Bank Ireland Limited is regulated
by the Irish Financial Services Regulatory
Authority.
Calls may be recorded.
For further information please contact:
Richard Ramsey
Chief Economist, Northern Ireland
Ulster Bank Group
Tel: +44 (0)28 9027 6354
Mobile: +44 (0)7881 930955
Email: richard.ramsey@ulsterbankcm.com
Web: www.ulstereconomix.com
Twitter: @UB_Economics
Ulster Bank and Markit Economics
acknowledge the support of CIPS in the
production of this report.
®
Fastest increase in employment for five
months
Continued growth of output and new orders was
recorded at the start of the fourth quarter of the
year, with companies increasing employment at
a faster pace in response. The rate of input cost
inflation picked up slightly, but remained relatively
weak and output prices were lowered for the third
successive month.
Activity rises for sixth month running
The headline seasonally adjusted Business
Activity Index posted 51.8 in October, down
slightly from 52.9 in September but still signalling
modest growth of output in the Northern Ireland
private sector. Activity has now risen in each of
the past six months, although the latest expansion
was weaker than the UK economy average.
The overall rise in output was led by a solid
increase in the construction sector. Slower
expansions were seen in services and retail, while
manufacturing production rose only fractionally.
New business also continued to increase,
albeit at a slight pace that was the slowest in
the current six-month sequence of growth. The
construction sector posted its sharpest expansion
of new business in 2015 so far. New export orders
also rose, the second consecutive month in which
that has been the case.
Rate of job creation accelerates
Northern Ireland companies increased their
staffing levels for the ninth month in a row
during October, and at a solid pace that was the
fastest since May. Panellists mainly linked higher
employment to rising workloads. Retail posted the
sharpest rate of job creation, while manufacturing
was the only sector to record a decrease in
employment.
Outstanding business declined for the second
month running, and at a slightly faster pace.
This was reflective of falling backlogs in the
manufacturing and service sectors.
Modest increase in input prices
The rate of input cost inflation remained relatively
modest in October, despite quickening from
the previous month. Higher wages and salaries
had been the main contributor to cost inflation,
according to respondents. Services posted the
sharpest increase in input prices of the four
monitored sectors.
Companies continued to lower their output
prices, with the latest reduction the third in as
many months. That said, the decrease was only
slight and weaker than that seen in September.
Some panellists mentioned passing on lower input
costs to clients amid competitive pressures. The
manufacturing sector posted the fastest reduction
in charges. Increases in output prices were seen
at services and construction companies.
35
40
45
50
55
60Employment
Falling
Rising
35
40
45
50
55
60
65
70
75
80
Input Costs/Prices Charged
Input costs
Prices charged
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Falling
Rising
30
35
40
45
50
55
60
65
New Business
Rising
Falling
30
35
40
45
50
55
60
65
Output
Falling
Rising
November 9th 2015
2. Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 27.6 59.5 12.8 14.8 57.4 52.7 55.8
Jun 24.4 60.2 15.4 9.0 54.5 52.3 57.5
Jul 20.8 62.4 16.8 4.1 52.0 52.6 56.7
Aug 24.7 47.1 28.2 -3.5 48.2 51.1 55.4
Sep 27.5 57.7 14.8 12.6 56.3 52.9 53.9
Oct 22.2 55.5 22.3 0.0 50.0 51.8 55.7
Q. Is the level of output or business activity at your company higher, the same or lower this month than one month ago?
Output / Business Activity
Ulster Bank Northern Ireland PMI®
Backlogs
New Business
30
40
50
60
70
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
Manufacturing
Services
Construction
Business activity at companies in Northern Ireland continued to rise during
October. Output has now increased in each of the past six months. That
said, the rate of expansion was only modest, having slowed from the
previous month. The rise in Northern Ireland was also weaker than the
UK economy average. Success in securing new orders had been behind
the increase in activity, according to panellists. Each of the four monitored
sectors posted increases in output,
led by construction where the
rate of growth was the sharpest
since October last year. Slower
rises were recorded elsewhere,
with manufacturing production
increasing only fractionally.
All Intellectual Property Rights owned by Markit 2
Q. Is the level of new orders or incoming new business at your company higher, the same or lower this month than one month ago?
Q. Is the level of business outstanding (i.e. work not yet commenced or completed) at your company higher, the same or lower this month than one month ago?
Northern Ireland Companies All UK
By sector
Construction Manuf- Services
acturing
‘15 Aug 49.6 50.9 52.0
Sep 51.4 51.5 53.6
Oct 53.9 50.1 51.4
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 32.3 48.9 18.8 13.5 56.8 52.6 56.6
Jun 28.2 57.8 14.0 14.2 57.1 54.9 56.7
Jul 20.7 63.5 15.9 4.8 52.4 53.6 57.6
Aug 27.2 49.4 23.4 3.8 51.9 53.3 55.8
Sep 23.6 62.3 14.1 9.6 54.8 52.1 54.7
Oct 25.0 52.0 23.0 2.0 51.0 50.9 55.5
20
30
40
50
60
70
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
Construction
Services
Manufacturing
New business increased slightly at Northern Ireland companies during
October, extending the current sequence of expansion to six months.
The rate of growth was the slowest in the current period of rising new
work, and much weaker than the UK average. Higher new orders were
partly linked to improvements in economic conditions. One-quarter of
respondents signalled a rise in new business, while 23% posted a fall.
As was the case with activity, the
construction sector posted the
strongest rise in new business in
October.Manufacturing new orders
increased marginally, following a
fall in the previous month.
Northern Ireland Companies All UK
By sector
Construction Manuf- Services
acturing
‘15 Aug 47.9 51.1 53.7
Sep 50.9 49.2 52.7
Oct 53.3 50.4 50.9
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 22.1 61.5 16.4 5.7 52.8 49.5 51.3
Jun 19.6 64.1 16.3 3.2 51.6 50.6 48.6
Jul 16.1 66.6 17.3 -1.3 49.4 50.6 51.4
Aug 18.7 62.4 18.9 -0.2 49.9 50.9 50.1
Sep 14.5 70.6 14.9 -0.4 49.8 49.5 49.5
Oct 16.6 62.5 20.9 -4.3 47.8 48.3 49.9
30
40
50
60
70
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
Construction
Services
Manufacturing
The Northern Ireland private sector saw a second successive monthly
reduction in backlogs of work in October. Moreover, the rate of depletion
quickened from that recorded in September and was the sharpest since
April. The fall in outstanding business in Northern Ireland compared
with broadly no change across the UK as a whole. Some respondents
indicatedthatthecompletionofprojectshadenabledthemtoworkthrough
backlogs. Falling outstanding
business was recorded in the
manufacturing and service
sectors, with the rate of depletion
in manufacturing backlogs the
strongest since February.
Northern Ireland Companies All UK
By sector
Construction Manuf- Services
acturing
‘15 Aug 46.0 48.2 51.3
Sep 49.5 48.6 49.8
Oct 51.7 47.0 49.5
3. 3
Q. Is the level of employment at your company higher, the same or lower this month than one month ago?
Employment
Q. Have average input prices or input costs risen, fallen or remained unchanged this month compared to one month ago?
Input Costs
Q. Are the average prices charged for goods and services by your company higher, the same or lower this month than one month ago?
Prices Charged
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 16.3 75.6 8.1 8.2 54.1 53.0 55.7
Jun 6.9 84.9 8.2 -1.3 49.3 50.4 55.6
Jul 12.4 81.8 5.8 6.6 53.3 51.7 53.9
Aug 13.5 79.4 7.1 6.4 53.2 52.2 54.0
Sep 14.7 73.2 12.1 2.6 51.3 51.3 55.1
Oct 15.5 76.4 8.1 7.5 53.7 52.9 56.2
30
40
50
60
70
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
Manufacturing
Services
Construction
October data pointed to another monthly increase in staffing levels
at companies in Northern Ireland. Moreover, the rate of job creation
was solid, having quickened from the previous month to the fastest
since May. The increase in employment in Northern Ireland, however,
was weaker than seen across the UK economy as a whole. Rising
workloads had been the main factor leading companies to take on extra
staff. Retail posted the strongest
increase in employment, while
construction staffing levels rose
for the first time in five months.
However, manufacturing payroll
numbers decreased for the
second month running.
Northern Ireland Companies All UK
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 20.5 72.3 7.2 13.3 56.7 55.7 54.5
Jun 14.1 79.6 6.3 7.8 53.9 53.4 54.6
Jul 19.6 76.2 4.1 15.5 57.7 56.2 54.1
Aug 16.7 73.4 9.9 6.9 53.4 54.7 51.9
Sep 16.4 74.4 9.3 7.1 53.6 53.2 51.8
Oct 12.2 80.6 7.2 5.0 52.5 53.7 51.4
40
50
60
70
80
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
30
40
50
60
70
80
90
Manufacturing
Services
Construction
The rate of input cost inflation in the Northern Ireland private sector
remained relatively muted in October, despite quickening slightly from the
previous month. Panellists reported that higher staff costs had been the
principal cause of the increase in input prices. The rise in input costs in
Northern Ireland was sharper than the UK economy average. Services
companies posted a strong and accelerated increase in input prices, with
inflation the fastest since April
2014. Slight rises in input costs
were seen at manufacturing and
construction companies, while
retailers posted a decline in input
prices for the fifth survey in a row.
Northern Ireland Companies All UK
Higher Same Lower Net Index S.Adj'd S.Adj'd
% % % +/- 50=no chg Index Index
2015 May 11.0 80.5 8.5 2.5 51.3 49.4 51.2
Jun 11.7 80.5 7.8 3.9 51.9 50.8 50.8
Jul 11.7 79.3 9.0 2.7 51.4 50.9 51.8
Aug 5.3 87.3 7.4 -2.1 48.9 49.9 50.3
Sep 4.7 81.9 13.4 -8.7 45.6 47.3 50.5
Oct 5.6 88.0 6.4 -0.8 49.6 48.9 50.2
30
40
50
60
70
NI Private Sector
UK Private Sector
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
Manufacturing
Services
Construction
Northern Ireland companies lowered their output prices for the third
consecutive month during October.However, the pace of reduction was only
slight, and weaker than seen in September.The fall in charges in Northern
Ireland contrasted with a fractional rise in selling prices across the UK as
a whole. Those panellists that reduced their output charges mentioned
the passing on of lower cost burdens and competitive pressures. Both the
manufacturing and retail sectors
posted falls in output prices.
Manufacturing selling prices have
now decreased in each of the past
13 months. Meanwhile, rises were
seen in services and construction.
Northern Ireland Companies All UK
November 9th 2015
By sector
Construction Manuf- Services
acturing
‘15 Aug 54.1 47.1 50.6
Sep 52.0 44.0 50.4
Oct 53.6 44.8 52.6
By sector
Construction Manuf- Services
acturing
‘15 Aug 54.2 51.7 58.7
Sep 53.6 49.0 58.1
Oct 51.0 51.3 59.4
By sector
Construction Manuf- Services
acturing
‘15 Aug 47.8 50.2 53.8
Sep 49.0 49.4 51.4
Oct 52.9 48.0 53.4
4. November 9th 2015
All Intellectual Property Rights owned by Markit 4
The graph below shows the regional PMI Output Indexes for the UK. An average of the
latest three months is used (see also the table to the right). All 12 UK regions monitored by
the survey recorded increases in business activity in the three months to October, although
Scotland saw only marginal growth. The best-performing region was the East Midlands,
followed by London and then the East of England. Output growth in the Republic of Ireland
outpaced all UK regions.
Lon
S
E
N
W
E
ast
S
cot
S
W
W
.M
ids
Y
&
H
E
.M
ids
W
ales
N
E
N
.Ire
U
K
R
.Ire
50
52
54
56
58
60
50 = no change on previous month (3-month ave.)
Lon
S
E
N
W
E
ast
S
cot
S
W
W
.M
ids
Y
&
H
E
.M
ids
W
ales
N
E
N
.Ire
U
K
R
.Ire
48
50
52
54
56
58
60
50 = no change on previous month (3-month ave.)
The graph below shows the regional PMI Employment Indexes for the UK. An average
of the latest three months is used (see also the table to the right). A broad-increase in
employment in the latest three-month period was led by the East of England, where the
rate of job creation was strong. London recorded the second-sharpest increase in payroll
numbers, while the weakest rise was in Scotland. The Republic of Ireland continued to
record strong employment growth.
London (22.6%) 58.4 56.7 57.2
South East (15.2%) 56.7 54.8 54.7
North West (9.4%) 54.3 51.2 51.5
East of England (8.7%) 57.1 56.6 58.1
Scotland (7.8%) 50.8 50.2 50.9
South West (7.6%) 55.5 53.2 54.1
West Midlands (7.4%) 56.7 54.4 54.1
Yorks & Humber (6.8%) 56.0 54.5 56.7
East Midlands (5.9%) 56.0 57.2 58.4
Wales (3.5%) 57.2 54.1 55.4
North East (3.0%) 55.8 52.1 49.8
N. Ireland (2.2%) 51.0 51.9 51.8
UK (100.0%) 56.6 55.0 55.7
Rep. of Ireland n/a 60.1 58.9 57.6
London (22.6%) 56.3 56.8 57.8
South East (15.2%) 54.8 54.5 55.7
North West (9.4%) 54.5 53.3 53.7
East of England (8.7%) 57.9 57.8 59.1
Scotland (7.8%) 51.4 50.8 50.6
South West (7.6%) 54.3 51.7 52.6
West Midlands (7.4%) 55.6 54.2 55.0
Yorks & Humber (6.8%) 55.2 53.8 54.4
East Midlands (5.9%) 54.7 54.8 55.7
Wales (3.5%) 54.8 52.9 53.8
North East (3.0%) 52.6 52.4 51.7
N. Ireland (2.2%) 51.7 52.2 52.9
UK (100.0%) 55.5 55.1 56.2
Rep. of Ireland n/a 58.8 58.2 58.4
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of retail banking, business banking, investment banking and capital markets
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Markit Economics is a specialist compiler of business surveys and economic
indices, including the Purchasing Managers' Index (PMI) series, which is now
available for over 30 countries and also for key regions including the Eurozone.
They are the most closely-watched business surveys in the world, favoured by
central banks, financial markets and business decision makers for their ability to
provide up-to-date, accurate and often unique monthly indicators of economic
trends.
Share of UK PMI Output Index
GVA, 2013 Last 12 Latest 3 Latest
(National Statistics) months months month
Regional Comparisons: Output / Business Activity
Share of UK PMI Employment Index
GVA, 2013 Last 12 Latest 3 Latest
(National Statistics) months months month
The Purchasing Managers’ Index® (or PMI®) surveys are monthly surveys of
carefully selected companies which provide an advance indication of what is
happening in the private sector economy by tracking variables such as output, new
orders, employment and prices across both manufacturing and service sectors.
Index numbers are calculated from the percentages of respondents reporting an
improvement, no change or decline on the previous month. These indices vary
between 0 and 100 with readings of exactly 50.0 signalling no change on the
previous month. Readings above 50.0 signal an increase or improvement; readings
below 50.0 signal a decline or deterioration. The greater the divergence from 50.0,
the greater the rate of change (expansion or contraction) signalled. The indices are
seasonally adjusted to take into consideration expected variations for the time of
year, such as summer shutdowns and national holidays.
Sector data published in the Ulster Bank Northern Ireland PMI report are intended
to give a indication of underlying trends in the manufacturing, services and
construction industries within the Northern Ireland private sector economy. Data
at the sector level are more volatile than the headline total private sector economy
figures, and month-on-month movements in the sector data should therefore be
treated with a degree of caution.
*Exports are defined as sales outside of the United Kingdom.
The Northern Ireland PMI® is issued exclusively for the general information of clients,
contacts and staff of Ulster Bank. The contents are not a substitute for specific advice and
should not be relied upon as such. Accordingly, whilst every care has been taken in the
preparation of this publication, no representation or warranty is made or given in respect
of its contents and no responsibility is accepted for the consequences of any reliance
placed on it by any person.
Disclaimer
Ulster Bank and Markit Economics
PMI®
Survey Methodology
Regional Comparisons: Employment
New Export Business* Is the level of new export business at your company higher, the same or lower this month than one month ago?
Higher Same Lower Net Index S.Adj'd
% % % +/- 50=no chg Index
Northern Ireland Companies
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
25
30
35
40
45
50
55
60
65
50 = no change on previous month (seasonally adjusted)
Increasing rate of decline
Increasing rate of growth
New export orders at Northern Ireland companies increased for the second month
running in October. That said, the rate of expansion eased from the previous month
and was modest.
2015 May 14.4 65.1 20.4 -6.0 47.0 47.9
Jun 22.0 65.2 12.7 9.3 54.6 51.1
Jul 16.2 71.3 12.5 3.7 51.9 50.9
Aug 16.6 64.1 19.2 -2.6 48.7 49.9
Sep 29.9 58.6 11.5 18.4 59.2 52.9
Oct 14.4 68.0 17.5 -3.1 48.4 52.0